- Contributing Solutions to Social Issues through Business Activities
- Green Innovation Business Expansion Project
Fiscal 2019 CSR Activity Report - Contributing Solutions to Social Issues through Business Activities
Green Innovation Business Expansion Project
Sales of Green Innovation products
- ■Reporting scope
- Toray Group
- ■Fiscal 2019 Target
- 900.0 billion yen
Fiscal 2019 Result
Toray Group embraces a management policy mandating that all business strategies must prioritize responsibility for the global environment in an effort to help build a more sustainable world with a small carbon footprint. The Group is endeavoring to realize this vision by addressing global environmental, resource, and energy issues through the continued implementation of the Green Innovation Business Expansion Project.
Green Innovation businesses have steadily grown since the start in 2011, reaching consolidated net sales of 820.1 billion yen in fiscal 2019. In the Medium-Term Management Program, Project AP-G 2022, which started in fiscal 2020, Toray Group set a challenging target of 1,000 billion yen in revenue from Green Innovation businesses on a consolidated and International Financial Reporting Standards (IFRS) basis and aims to expand its environment-related businesses. CO2 emissions avoided by the use of Toray Group products have been steadily increasing with the expansion of the business, reaching 196 million tons-CO2 in fiscal 20191 (avoided 5.1 times more CO2 emissions than in fiscal 2013).
- CO2 emissions avoided by using Toray Group products in fiscal 2019
- 196 million tons-CO2
(avoided 5.1 times more CO2 emissions than in fiscal 2013).
- 1 For CO2 emissions avoided in the supply chain, Toray Industries, Inc. calculates the CO2 emissions reduced throughout the value chain of products in accordance with the chemical sector guidelines of the Japan Chemical Industry Association, the International Council of Chemical Associations (ICCA), and the World Business Council For Sustainable Development (WBCSD).
Note: Revenue target for fiscal 2022 is based on IFRS